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to president obama right now. >> i have fiscal cliff fatigue. thank you very much. >> sure. tracy: we all do, dennis, but we have to talk about it because congress has to deal with it. we have a new gallup poll showing 5 # 4% of the voters rate the honesty of members of congress below that of used car salesmen. dianne black of tennessee joins us from the home state to hear what the constituents are telling her. what are con constituents sayin? >> well, you know, i'm hearing -oth from my individual constituents and business owners they are really concerned about the spending problem in washington. that's not really talked about. there's a lot of focus on the other side, but there is a real need to control the spending because we know we spend more than what we bring in every year, can want continue down this path, and you'll go off the cliff. we have to resolve that by going off the drivers of the debt, the entitlement programs, and we have to talk about that. tracy: right. we're not. i'm not sure why. i think an easy fix is raise retirement age. is that on the table for the republicans? >> w
. we're following developing news right now. president obama is taking to twitter right now, part of the intensifying push by the white house to get public opinion on their side over negotiations against house republicans on the so-called fiscal cliff. the president himself tweeted out plans for the q and a a short time ago saying he'll answer questions about the cliff, his proposal and pending tax hikes on the official white house twitter feed. press secretary jay carney insisted the white house is still optimistic it can reach a deal with congressional republicans. >> there has been progress, and we can achieve a bipartisan agreement. the obstacle remains at this point the refusal to acknowledge by republican leaders that there is no deal that achieves the kind of balance that is necessary without raising rates on the top 2%. >> and there are just 29 days to go for the two parties to find some sort of middle ground, and joining me now from the white house nbc news correspondent kristen welker. what's the back story on this it twitter q and a for the president, which should start
with that argument? >> i hope they do not believe that argument. look, maybe barack obama is right. maybe if you raise these taxes, it will not hurt the economy. [talking over each other] stuart: bill clinton raised taxes and the economy took off. >> there are a lot of things that influence the economy. not just taxes. there are other things. there is no monetary policy, which was great under bill clinton. do not forget that bill clinton did welfare reform. one of the most historic acts over the last 50 years. do not forget that we caught government spending within those years. the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a day for the rest of your life because i know somebody who did that and he did not get cancer. stuart: okay. that was very good. [ laughter ] now, i know why you have not been on the show very often. i am at a loss for words when you are done. stephen moore, i do hope you come back and see us soon. >> thank you, sir. stuart: here is an example of wha
excess thoughts. okay. all right. the president on this whole fiscal cliff. >> obama: i don't think it is acceptable for you for a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. >> stephanie: uh, yeah! let's go to kathy in mobile, alabama. >> mobile. >> caller: actually, it is mobile. i know you're not from the south. something i've heard recently which is totally stupid was someone made the comment that normally we only work 25 years and then we live only 40 years after that. a. >> stephanie: right. >> caller: which is crazy. if you started at 18, you reach retirement at 43 or even if you start working at 35. >> stephanie: this is something grover norquist said yesterday. i'm like who only works 25 years? math is -- that's what the president said. republicans have to stop using political math to say how much they're willing to raise tax rates on the wealthiest 2% and specify the spending cuts. they're
: yes. thank you. all right. the president. >> obama: if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. every family. everybody here, you'll see the taxes go up on january 1st. i'm assuming that doesn't sound too good to you. that's like the lump of coal you get for christmas. that's a scrooge christmas. >> stephanie: yeah. here's the picture of the laughing turtle someone sent me. there's mitch mcconnell. >> that's ridiculous. [ ♪ "world news tonight" ♪ ] >> stephanie: tim geithner presented the president's opening offer on the fiscal cliff. mitch mcconnell said he burst into laughter. the republicans said no offense was meant. you know, can i just say this is further -- the kind of disrespect they treat the president with. i think that's exactly it. they don't take him seriously for some reason, even after their electoral ass-whooping. we played that clip last week. it was horrible. groher norquist saying we should keep the president on a
. right? it's not complicated. president obama, we've got this big debt crisis. president obama, two things -- number 1, months ago, he put out a detailed plan. it's in print, and it's online, of how to resolve this fiscal crisis. no. 2, the republicans said we are not going to deal with it. we will take seven weeks off. we will have an election and let the people decide. president obama went out in front of the american people. there was one issue, the central issue. it wasn't the war in iraq iran's nuclear possibility of iran getting nuclear weapons it wasn't peace in the middle east. it wasn't immigration reform. the number 1 was issue was president obama said very clear, we want the wealthiest two percents of americans to pay more in tax after having 12 years of a special tax break, which was only supposed to be temporary. if you say yes vote for me. mitt romney says, no, we are going to caudle, protect that top 2%. we are not going to raise their taxes. so if you say no, vote for me. that was a choice. the american people overwhelmingly, overwhelmi
revenue by limiting the tax code. it's a major sticking point. holding up a deal. >> right now, i'd say we're nowhere. >> reporter: president obama is looking for $1.6 trillion in new tax revenue over ten years. speaker boehner is offering half of that. there's $600 billion. the speaker says that's not enough. although he hasn't outlined what he thinks should be cut. if they can't avoid the fiscal cliff, it means on january 1st, every american will pay more income tax, between 2,000 to $2,200 for the average family. $500 billion in automatic spending cuts will go into effect. half of that at the pentagon. the other half coming in transportation, food safety and research. economists feel if washington can't strike a deal, the economy will fall back into recession and the unemployment rate will shoot up, rob and paula. >> tahman, the clock is ticking in all of this. where do the talks go from here this week? >> well, the white house said president obama presented his plan last week and the gop leaders shot it down. now, the ball is in the hands of the republicans. right now, it's all about t
go boldly forward to explain why you are right. because i believe you are. [ applause ] all right. instead of working with congress face to face to save the economy. president obama is trying to gets had way by doing what he does best. campaigning and making speeches about the fiscal cliff. the president never presented a plan until this week . the reception on capitol hill was to say the least chilly. senator mcconle laughed at the proposal when presented to him. joining me is allen west. colonel thank you for being here. [ applause ] what wasyour reaction when you finally saw what the president put on the table? >> i was in complete shock. it has nothing to do with reality. if you look at the president's propose to raise taxs and 50 billion more in stimulus spending and want to extend 99 weekings of unemployment benefits which is it a 30 billion a year . the other thing that troubling is that the president wants his own control of raising the debt ceiling . so i don't think we have a president that is serious about getting the debt under control and deficit and government spendi
it the right way, and i want to thank president obama. he has been wonderfully supportive of the examples we provided here. i want to thank secretary shawn don van and his staff and the regional staff for recognizing what is going on here. i want to thank hope sf and all of the partners that we created. you know i was here when the planning grant was given to alice griffin and it wasn't just the celebration of the grant. we went to work. we went to work with the residents, the neighbors. we went to work with our supervisor and i know ms. cohen is out of breath and knows how important this is for her constituents and this district, but most importantly we knew if we didn't just talk the talk, that if we actually took the residents with us, and took all of the talent that we had in the city from the housing authority to our mayor's office of housing, to the redevelopment people, to the private developers, to the staff that has been so diligent, to the private nonprofit sector. the in incredible community based organizations and the bay view y and all these wonderful people that have been
in the real world. consider what we're thinking about, what we're talking about right now. obama, who won the election with an overwhelming electoral college mandate has put forward exactly what he campaigned on, which is sensible tax reform allowing the top 2% of the tax -- of rates to increase on the top 2% of tax earners and spending cuts. we've had a trillion in spending cuts already, $800 billion additional in the drawdown from the war efforts in afghanistan and iraq, and then a number of spending proposals that obama put on the table in august of '11. consider that against what republicans are doing, and this shows that republicans are really chicken hawks when it comes to reducing the debt. they have a plan on tax reduction which most economists think would do far more harm than the obama plan would. secondly, they fail to specify what kind of cuts they want. remember, this is the party that's campaigned for two election cycles now on cutting government spinding, but when you ask them to identify exactly what you want to cut, you get mishmash from them. you get $100 billion in medi
americans, which of course is what president obama campaigned on. so those are the big differences right now. but this certainly is important, wolf, because republicans were saying that they're not even sure that this ball was in their court. clearly they realized it was. so the talks -- there is stalemate no more, put it that way. >> on this key issue of marginal tax rates for the wealthy, the republican offer is keep the tax rates exactly as they are right now, 35% for that 2% wealthiest families making more than $250,000. the obama proposal is raise that rate to 39.6% where it was during the clinton administration. what else is in this new gop proposal? >> reporter: let's show you some of the savings when it comes to government spending. first of all, they put about $600 billion in what the republicans are calling health savings. we understand -- we don't have details. we understand much of that comes from medicare, things that we've heard from republicans over and over like raising the eligibility age, means testing, things like that. so then we have about $600 billion in essentially spe
to say the course writing given the political difficulty of reforming entitlements republicans are right to try get mr. obama's fingerprints on a deal this year. if mr. obama won't agree to these demin muss reforms republicans should let mr. obama own the debt crisis he has done so much to create. conservative commentator bill crystal says they're making a dangerous gamble. >> republicans are at risk in my view now of looking like they're defending, keeping the current tax rates for the wealthy. end of the day president obama is selling a simple message, i want to keep taxes low for middle-class americans and republicans look like -- i'm worried are in the position offiof ing -- looking as fe the don't care about middle class. >> joining us is the sage of capitol hill, boat shoe enthusiast and celebrity doppelganger, nbc's luke russert. >> good day. happy monday. >> thank you, luke. it's an exciting time on capitol hill my friend. i want to focus first on the gop. is the party coming together, coalescing around something, anything, relating to the fiscal cliff? >> well, i think they're c
, $700 billion was taken out of medicare to begin obama care. so right there, you know, from a management standpoint, why would you reduce money from something that's going broke? the other thing that we need to understand is that tax rates are going up on january 1 within obama care. so we're talking about almost a trillion dollars of increases in taxes and fees. >> let's not talk about the democrats for a moment. let's not even talk about what the president's put on the table. let's talk about the republicans. give me specific cuts that republicans would be behind. because we're really short on specifics from the gop. lay out for me, here's what we're willing to cut in terms of entitlements. put it on the table. >> look, there's been a plan in terms of indexing the increases. we are going to have to find a way to reduce the gap between how much medicare costs per person and how much we pay. because it's not going to last. it's going to go broke. >> so let me bring in nan for a second, then. forgive me for cutting you off. tick off for me. as you know, one of the biggest criticisms from
for president obama, bad for his legacy, and bad for democrats. >> i think you're right but i also think that your party lost this election, they should act accordingly and they're not doing it. >> john boehner didn't lose. john boehner still -- >> that is exactly where you're all screwed up. you know, when tip o'neill was speaker with a lot more seats than you guys have, he never claimed he had a national mandate because he saw reagan had one. we vote for president of the notes. the american people do not vote for john boehner. you're dead wrong and i'm thrashing you. . up next, some wishful thinking in john mccain and john kerry. watch how kerry stays out of this. he's not campaigning and he's careful here. and this is "hardball," the place for politics. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and in
tax reformed process. right now we're seeing the exact opposite. president obama is sticking firm with what he offered in his budget release, or at least in his opening bid and boehner is kind of chasing over obama with more or less compromised proposals saying, why won't you work with me, give more, sacrifice more? look, we're early here and most of the people i talk with in washington are saying we're not going to get deep into this until mid-december at least. if we do a process of kind of incrementally coming from in between the two proposals, you could very easily imagine between obama and boehner on tacks is $1.2 trillion. that's where they end up on mandatory spending, 750. that wouldn't be a shocker either. boehner's opening bid here is not the bid of the side in the stronger position. it's a side desperately trying to get the press to compromise. >> now, michelle whark we don't see in the counteroffer is extension of payroll tax cut, extension of unemployment, raising the debt ceiling. none of this is in their counteroffer. and bill kristol pointed out that ignoring the p
winter and early spring of 2008 when it became clear obama would beat her. suddenly the right conservatives, republicans saying she was a radical jane fonda suddenly rediscovered hillary clinton as a white working class hero. she was like franc rizzo all of a sudden. the story of the last four years for hillary clinton is republicans laid down for her, and democrats have started -- the democrats with obama and resented her then have gotten over t. the iraq thing is a distant memory. we thought she was the dwroefr whelming front-runner in '08. we were wrong. >> only hillary can stop hillary at this point. we talk about the republican war machine. this year or the last few years dealing with this imagined obama that didn't exist rather than aattacking the person in the oval office. had they done that, they might have a better chance than dealing with this imagined kenyan, socialist, marxist obama, and if they do that to hillary, they will entirely lose. this is an incredible resume. widely admired and no skeletons in the closet. we know this person extraordinarily well. have we
, geithner to the treasury secretary and laughed at. across the board, left and right commentators said i think president obama is overplaying the hand here. they have a plan to get him what he campaigned on and said he wanted. they called it smart. we had the simpson bowl plan. deficit reduction plan how to get it back on track. they are proposing the plan that is a democrat version of the -- democrat counterpart to simpson. very smart. this offer was serious. the white house even though they put out a statement saying blah, blah, not good enough. call it a republican letter -- >> eric: this is the republican letter does not meet the test of balance. said our way or the highway from the white house. >> bob: reform ideas are interesting and should be on the table. the rest is bull. they don't cut anything out of defense. number one. number two, talk about the tax reform that will get to rich. or broaden the base of the tax base. including more people paying taxes. this is a joke on top of joke, andly give you this. entitle reform are good ideas. calling the -- >> dana: i thought bush tax
't go wobbly now, instead, go boldly forward to explain why you are right because i believe you are (applause) >> thanks, all right. instead of working with congress face-to-face to save the economy, president obama is trying to get his way by doing what he does best, campaigning, and making speeches about the fiscal cliff despite knowing that deadline was looming, the president never presented a plan until this week and the reception on capitol hill was, to say the least, chilly. senator mcconnell even laughed at the proposal when it was presented to him. joining me now, florida congressman allen west. colonel, thanks so much for being here. >> thanks, thanks for having me, dana. [applause]. >> what was your reaction when you finally saw what the president was putting on the table? >> well, i was in complete shock because it really has nothing to do with reality. when you look at the president's proposal to raise 1.6 trillion in new taxes, he wants 50 billion more in stimulus spending, he continues to want to extend the 99 weeks of unemployment benefits which will be another 3
cliff. president up obama has taken to twitter answering fiscal cliff questions right now. looking to drum up support for his tax hike on the wealthiest americans. rich edson is in d.c. with the latest. rich? >> well, that a meeting with state governors tomorrow and nothing on the public schedule with congressional leaders. negotiators are stuck on the administration's last proposal. 1.6 trillion in tax increases. 600 billion in spending reforms and more stimulus spending. republicans call it a joke. the white house says republicans need to step up with a plan. >> i would simply redirect that question to republican leaders who do this date have no put forward any proposal how they would achieve revenues, how they would address the issue that rates have to rise on the top 2%. >> house speaker john boehner says republicans are willing to discuss revenue increases through tax reform. the administration says they're open to tax reform as well but they want an immediate tax rate hike on wealthy americans. with only a few weeks left until hundreds of billions of automatic spending cuts a
not the cop car. not the cop car. are you all right. everything all right? license and registration, please. >> driving at high speedsfá on icy road. >> guys, you are about to meet the president. ♪ >> mr. obama? >> no, this is the president. it's one of the world's largest trees in thefá sequoia national forest in california. look at the tree compared to this human who isfá climbing it. >> i would have friends that would go there and you would get mandatory picture of someone standing in front of it. you could never see the top of the tree. >> listen to this. 27 feet in diameter. 247 feet tall. 3,200 years old. 2 billion leaves. >> that's beautiful to shoot this in the snowfall. >> it's just remarkable, right? this entire video was put together for national geographic for the december issue. they're going to put together an entire photo spread but beyond that, the digital issue of the magazine will have even more video of this incredible tree. one of the largest trees in the world if not the largest. >> the reason we want to do these portraits, people get it. they see this tree in tota
americans looming. >> right now i will say we are nowhere. >> the house speaker blamed the stalemate on the obama administration. he said they are not taking republicans seriously with plans to close loopholes and limited deductions without raising taxes. >> off the president may disagree but the fact is if there is a another way to get revenue from upper income americans that does not hurt our economy why would we not consider it. >> the president wants to in the bush era tax cuts for people making more than a quarter of a million dollars per year. the average middle-class public to pay about 2000 a year more in taxes. >> there is no reason why 98 percent of americans have to see their taxes go up because some members of congress on the republican side want to block tax rate increases for 2 percent of the most wealthy americans. >> nancy pelosi pushing for a house vote. >> we think it would be a wonderful christmas gift for the american people to receive a tax cut in january. >> we are optimistic. >> republican senator linda grant is pessimistic sang that it is a joke. >> the clock
cain and barack obama can agree on one thing how great hillary clinton is. john mccain there right off the top singing her praises. yom who has been out front ripping susan rice apart in front of the media over benghazi. why isn't he going after hilary? >> well, i think he's scared of her. i think many people are scared of her. hell i'm scared of her. hillary clinton is sitting at 70% approval ratings in the country right now. that's a far rise from where she was when she left as first lady and the same for bill clinton. his numbers are through the roof as well. i expect those numbers to come down as we get closer and closer 2016. if john mccain actually were concerned about what happened in benghazi he should be hauling secretary clinton up to the hill to have an inquiry. she's secretary of state. they are responsible for embassy security but he won't do it. >> jimmy, thank you. >>> the other reason that the rice fight matters host of escalating tensions throughout the middle east. israel is feeling heat today from europe over its decision to expand settlements in the west bank and east jerus
revenue by reforming the tax code and limiting reductions for the wealthy. >> right now i would say we are nowhere. >> reporter: president obama asking for 1.6 trillion in new tax revenue over 10 years, boehner is offering half that. the president offering 600 billion dollars in cuts to medicare and other programs. the speaker says that is not enough. he hasn't outlined what he thinks should be cut. if they can't avoid the fiscal cliff, january 1st, nearly every american will pay more income tax between $2,000 to $2400 for the average family, 2% cut in payroll taxes will disappear, 500 billion dollars in automatic spending cuts in effect, half at the pentagon the other half from educating, transportation, food safety and research. economists fear if washington can strike a deal the economy will fall back into recession and employment will shoot up. tahman bradley, abc news, washington. >>> sarah palin stepped out on the red carpet -- nancy pelosi stepped out on the red carpet for a night of glamour she strolled before photographers at last night's kennedy center honors she talked about
all the borders. >>shepard: it may not be would being right now. thanking, michael singh, from the washington institute. president obama announced the proposal for avoiding the fiscal cliff. republicans called it a "joke." breaking just minutes ago, republicans have made a counteroffer. we will get to that. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account
for christmas. it's a scrooge christmas. >> i mean, it was not a serious proposal. so right now we are almost nowhere. >> president obama accusing republicans ever being willing to raise taxes on 98% of americans, while speaker boehner said it's the president when is unwilling to compromise. it's time now for our sunday group. bill crystal of the weekly standard. marcha liason and ed rollins and former democratic senator that you heard. >> each of them are saying they are being reasonable and it's the other side's fault. you have been through your share of washington negotiations. what strikes you about what you heard today? >> i think they both made their case well but i think geithner is in a stronger position in this respect. the president is the president. he can maneuver, he can say my $1.6 trillion and he can say $1.2 trillion. speaker boehner has 135 members. they don't hop to it when he decides to move. he's in a tougher position structurally. in these show downs the white house usually wins and the main reason they win is it's a unitary executive. and congress is in a weaker position
to be smaller. that will be the case again this january. the cross the present obama as inauguration on january 21st will be close to 800,000. that is the estimate right now. that is down quite a bit from the 1.8 million people crowded the national mall and 2008. >> i think that is san jose 1 01 northbound on the right-hand side. the commute has not started much, it looks fine. we will be right back. it looks like a positive day of trading the dow was up four points on friday. the nasdaq was up 1/2%. in national stockists stocks are on the rise. the institute for supply management releasing monthly manufacturing data for the u.s.. a committee of british lawmakers say in most major multinational companies like starbucks google and amazon are guilty of more immoral tax avoidance. it said the government should clamp down on these multinational corporations that exploit tax laws and moved profits that are generated in britain to offshore companies. starbucks is saying they may pay more taxes in england to restore public trust. the same thing is happening in the u.s.. it is not illegal but as britai
get for christmas, a scrooge christmas. >> it was not a serious proposal. and so, right now we are almost nowhere. >> chris: president obama accusing republicans of being willing to raise taxes on 98% of americans, while speaker boehner says it is the president who is unwilling to compromise. and it is time for our sunday group, bill kristol of the weekly standard. mara liasson of national public radio, republican strategist ed rollins and former democratic senator evan byah. you heard for the last half-hour, tim geithner and john boehner, each say they are being reasonable and it is the other side's fault. bill you have been through your share of washington negotiations. what strikes you about what you heard today? >> geithner is in a stronger position, in the respect. the president is net and high can maneuver and say, $1.6 trillion and, they say, $1.1 trillion and speaker beginner has 235 members, and they don't hop to it when he decides to move, he's in a much tougher position structurally and we have seen the history of the show downs, the white house usually wins, and, th
in if congress does not act. president obama and republicans seem to be playing a game of political chicken right now. the president's proposal as 1.6 trillion in hired taxers over the next couple of years. he proposes a tax cuts and stimulating spending to stimulate the economy. the two sides may try to come together. waiting for a chance to dry out here. a lot of clouds and traffic. 50 degrees in san francisco and a high in the upper 50s. >> watching flood levels this morning on bay area rivers as many are staying in their banks. we did have some flooding. the napa river reached flood stage yesterday afternoon. mayor to clean up in lafayette with the sinkhole and excavator is on this and not picking up debris. >> we get a dry day today but not for a long >> we should expect them rally later on tomorrow in the evening hours. it will pick up in intensity wednesday morning. tomorrow will be a -- today will be a dry day in the bay area. a cold start to the morning and low '40's for napa fairfield and 50 out the door in san francisco. afternoon highs, we will not warm-up by much. everyone is in the
is a matter of human rights and not politics and she's powerful and beloved enough to say whatever she wanted once obama finally laid down his marker. so what do you think about that? do you think that there are maybe some policy problems out there that she's been able to stay away from as secretary of state? >> i think she has rightfully stayed away from them as secretary of state even the tradition not get involved in campaigns. that said, however, you know even better than i do her record on human rights, whether it was as first lady as she went to china or whether it's just when she goes out to places like india and sitting down and looking at women with microloan type of enterprises out, there helping them to make a good of their life, as often the principal breadwinner for the family. she does believe in human rights. i think that as this society of ours has so well progressed including the military as we got rid of don't-ask, don't-tell that once she's back out there just as a person that she will see that the next step on this is to actually recognize this marriage equality issue and
, the two sides -- the obama, white house, senate democrats on one side, senate republicans on the other, there is a ticking clock involved here. they should be hitting their stride right about now. timothy geithner is trying to avoid plunging of the fiscal cliff. he has made clear that the obama administration is saying that the first order of business has to be to extend tax breaks for middle-class families and raise tax rates for the top 2% of income earners. talks over how to rein in entitlement spending should be held sometime next year. >> the president is asking for $1.6 trillion of new revenue over 10 years. twice as much as he has been asking for the public. his stimulus spending exceeded the amount of new cuts that he was willing to consider. it was not a serious offer. reporter: enter a new player in the talks, stephanie cutter. you remember her? she was the deputy campaign manager for the obama-biden ticket suggested that mitt romney might have committed a felony on his tax returns. sunday night, she e-mailed them to reach a fiscal deal. republicans have balked at raising tho
on the rich, the president is ready to go off the cliff. >> right now i'd say we are nowhere, period. nowhere. >> john boehner declaring a stalemate in an exclusive with fox, as republicans teed off on president obama first offer that included new spending plus 1.6 trillion in tax hikes. totally unacceptable. >> i think we are going over the cliff. it's clear to me they made political calculation. white house officials insisted disaster could be amended and demanded a counter offer on the table. >> what we hope for is specificity from the republicans. >> an hour later, boehner did that. oftenning $800 billion in new tax revenue without raising rates. half what the president wants. far steeper cuts to entitlement than the president called for. $300 billion in savings from other programs like farm subsidiaries. >> the president ignored questions in the oval office. he went to twitter to repeat there can't be tax cut at the rich at the expense of domestic programs. they have an unpopular move to raise medicare eligibility age from 65 to 67. slower growth and social security benefit using less ge
is right or wrong, obama has just won the election on that basic pledge to raise taxes. >> wrong, wrong, wrong! you know what, that makes no sense. how many people do you know that said i'm going to vote for the president to have more debt, and in an economy that can't grow it's way out of the issues? we currently only take in about 15.5% revenues. we need to get to 2021. >> i understand that. >> it's not a tax problem, it's a growth problem. and he has no growth plan. so then they blame others, because they don't have a plan. >> but he was able to get through the election doing precisely that. >> got through the election on social issues. on the economy, i think it's pretty clear that nobody voted for four more years of the current economy. four more years to get his house in order and he's not going to get his house in order using the red herring of taxes when it's entitlemen entitlements. it just isn't going to work, simon. >> i get it. i'm just pointing out -- >> you know what, let's take jobless claims. >> i get it. >> over the last three days, jobless claims to sustain that renewa
their fiscal cliff counteroffer to president obama. does it actually have a chance though? will the president and congressional democrats just blow it right out of the sky? we'll break it all down. >>> plus the mississippi river in crisis. water levels dropped to historic lows threatening to bring commercial traffic to a halt and spike food prices. have you even heard about this? the head of one mississippi barge operator joins us whether a disaster can still be avoided. >>> would you sublet your name for an entire year? a bidding war breaks out for the right to one man's name. he is here to explain his bold idea and how he is cashing in. even when they say it's not it is always about money melissa: first let egg look at the day's market headlines. concern over the fiscal cliff bleeding into the u.s. manufacturing sector. factory activity in november declined for the first time in three months. the news weighted down stocks helping shed 59 points off the dow. the raw materials sector hit hard by the contraction in manufacturing. shares of dupont were the biggest loser closing down 2%. dell ge
weekend. and we had some tough conversations about what we did wrong. what we did right. our sense is that 2012 was very much a beauty contest between mitt romney and barack obama. all of the issues that mattered so much in the 2010 election like health care, we didn't have that conversation. we think it should be a choice between fiscal responsibility and patient control over health care versus a bigger government solution. i think we could win that fight and i think 2014 is going to be more about issues and there's opportunities, i think, to increase the gains that we made in 2010. >> well, midterm elections are one thing and what -- and it's possible you could win arguments, but when more people vote, is it harder to win this conservative argument? >> well, mitt romney was hardly part of this new generation of fiscally responsible republicans that we've been repopulating the party with, but if you look forward to 2016, you're talking about some pretty interesting young dynamic people like marco rubio and rand paul and maybe scott walker. these are all political leaders in the re
right. thanks for that. that's the latest. meanwhile president obama and michelle obama paid tribute to this year's recipients of the kennedy honors. they're recognized for contributions to the arts. >> when the brits in additionally kept their distance, led zeppelin grabbed america from the opening. we were ready for what jimmy called songs with a lot of light and shape. it's been said that a generation of young people survived teenage angst with a pair of head phones and a zeppelin album and a generation of parents wondered what all that noise was about. >>> in the united states today, november ism manufacturing index out at 10:00 eastern. forecast for a reading of 51. also october construction spending. expected to rise half a percent. and james bullard speaks about the monetary policy at 1:40 p.m. a pretty light day for earnings. look for results from pep boys. they are after the close. as far as u.s. futures are concerned right now, we are implied for an upward start. s&p 500 called up 1.5 points, nasdaq 20. dow has been down last two months #%. nasdaq up about 1%. s&p up 0.3%.
suppose there is a reason that president obama likes to all the talk about those tax hikes, the tp 2%? i wonder why. could it be that he wants to drawttention away from the 400 -- let's do that right here, 400 -- $4 billion projected by the congressional budget office, $494 billion of obamacare taxes that will hit t the 2%, not the 98%, but the middle-class, and they start hitting on january 1st, and it does not matter whether we go over the cliff for not. if you have not heard about those tax hikes, perhaps it is because the mainstream liberal media for some strange reason does not want to talk about the inconvenience impact of obama taxes on our middle-class. >> the bill is passed. lou: the house passes the stem emigration bill. some democrats call it racist and pandering. how that? and republicans also introduced the achieve act. other republicans taking the lead on emigration reforms? i am joined. forget the tech bubble, housing bubble, the student that bubble. the rush to a college education is crushing economic futures. the fiscal cliff now 31 days away, still no mention of seques
the other and now they are out of the trouble. if you understand the right definition of austerity is the way to go, the problem is in most of europe it means higher taxes, obama wants to give us the bad part of europe, without the good part. >>neil: thank you very much. they are not cutting anything. just slowing the growth. rebound and former president bill clinton hitting the links. this is a photo from last year. what we don't know what was said teen them this year my guest homes the former president was critiquing more than just his successor's swing. art laffer was the top reagan economic adviser and you voted twice for bill clinton because his prosecutor mix of taxes. explain that? >>guest: yes i sure did. but for the raise hikes at top end, he cut taxes on the working people between ages of 65 and 72. he cut taxes on trade and products. he cut government spending as a share g.d.p. dramatically and he cut the capital gains tax rate and butt in welfare reform. what do you want from a president that bill clinton did not deliver? he was a great president. >>neil: the investment
said. they want to go off of the fiscal cliff. then negotiations fail president obama will not get blamed. it is someone else. >> gretchen: marjorie that sounds right other than the middle class getting hit with a tax hike isn't everything that ron just part of the dnc. >> it is it a big issue. president obama and really american people don't want to see middle class americans pay additional 2000 in taxes n which is what will happen in addition to cuts to programs . we want to cut and the american people want to see cut. there is it a few things. first more americans would blame the republicans and not president obama if we went off of the fiscal cliff. that is a motivation. >> brian: yeah. >> gretchen: ron, why do they feel that way? >> brian:ip totally agree with you. looking at polls and say republicans will get blamed and so why not runuss off of the cliff. >> republicans should have their own plan. the majority of americans in exit polls have said we should balance and ask the wealthiest to pay more. >> gretchen: wait, wait, wait, wait, wait. ron. that's not true. nothing is g
with rights with disabilities. i'd like to take a few minutes about the upcoming vote. first i think we ought to understand this is not anybody's treaty, it's not president obama's treaty, it's not john kerry's treaty, it's not even bob dole's treaty, although he certainly is a person who has been deeply involved. the vote on the treaty is the right thing to do on its merits. i think that it's important to note that every major veterans' group -- madam president, i ask that the list of the veterans' groups in support be included in the record at this time. the presiding officer: without objection. mr. mccain: i've not forgotten that 36 republicans signed a letter opposing consideration of any treaty during the lame duck, but there's no reason why we shouldn't have a vote on this. the letter says that they would oppose consideration, but we did have the motion to proceed. some may be worried about passing a treaty in a lame-duck session. the argument has no basis in the constitution or the senate practice. since the 1970's alone the senate has approved treaties during lame-duck sessions a tota
? we'll show you who rex ryan called in to qb. >>> plus, president obama handing out the kennedy center honor as wards to this year's crop of entertainment icons including david letterman, dustin hoffman. we'll have that story and a check on weather when "way too early" comes right back. >>> today in cincinnati, stunned city officials are trying to learn what went wrong last night outside a rock concert by a british group called the who. a huge crowd waiting for general admission seats suddenly surged toward entrance doors. the people elbowing and kicking each other. many were pushed under, and the crowd stampeded over them. 11 died. restore revive rejuvenate rebuild rebuild rebuild try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash
journal report" begins right now. >> here's a look at what is making news as we head to a new week on wall street. in washington, posturing politics and high-stakes poker with america's economy at stake. president obama's initial offer on the fiscal cliff was resoundingly rejected by republicans. it included a $1.6 trillion tax increase, double what he campaigned on. also included $400 billion in entitlement cuts eliminating the need for congressional approval to a raise the debt ceiling. the markets rebounded later in the week following the latest hopes on a fiscal cliff agreement. america's economy grew at a faster pace than initially expected in the third quarter of the year. the second reading of the gross domestic product showed it at rate of 2.7% spurred by stronger inventories and exports. the securities and exchange commission is looking for a new chairman. mary shapirp schapiro announcin she will step down after nearly four years on the job. the obama administration says it will announce a replacement in the near future. >>> starbucks has a new way to spend a lot of money. it is i
wants to add higher taxes to that. tea party two will dwarf tea party one if obama pushes us off the cliff. let's not pretend he isn't pushing us off the cliff. >> maria, the broader question, where is our economy right now as we're tackling this issue? what's the economy doing well? what's it not doing as well? and what will we see over the next four years? >> we are moving at a slow pace. at this point in the recovery, you would expect faster growth, which we are not going. if we go over the cliff, we will go into recession. a couple of industries will feel the hurt more so than others. obviously, defense. and because these are long-term projects, those defense cuts will be felt well into 2013, into 2014. what's doing well? health care is doing well. we're living longer. living until 100 years old. that's a positive. it's not a crisis. it's a positive. so we are in need of 1 million nurses, health care professionals in the coming years. technology doing very well. a lot of start-up technology. innovation going well. that's a positive. manufacturing coming back a bit as well. th
your free decision guide. and find the aarp medicare supplement plan that may be right for you. champion of gift wrapping turns champion of gift wrapping turns ♪ >>> welcome back, everybody. it was a star-studded night in washington last night. president obama saluted this year's kennedy center honorees. among them, a pretty motley crew here. the members of led zeppelin, talk show host dave letterman. there's dave. as well as renowned actor dustin hoffman. >> the president recognized them for their influence on american culture. he said all started from humble beginnings and made it to the top of their profession. the kennedy center event is an annual december tradition. >> i think we'll actually see the show in a few weeks coming up. very cool. good crowd too. >> yeah. >>> and if you're like me, maybe you're feeling a little fancy. >> you feel fancy? >> i never feel fancy. gift wrapping means putting a present into one of the holiday gift bags with no handles. that's how i roll. but just pay those people at the mall to take care of it. that's the route i prefer. >> we call t
a great fan of mark. there is no purpose of whining about president obama having been reelected. but the point being -- do something about it. we are a nation blessed with sufficient talk. right now the republican party has every opportunity to stand up and lead on this issue. they have been quiet and quiet since. megyn: [talking over each other] megyn: what you mean by that? lou: i have had a 30 year career in broadcast. i have an inability to pronounce foreign names. [laughter] megyn: we will continue to call in qatar. thank you, lou. he is a smart man. what look like a magic trick gone terribly wrong, why police say it may not have been a laughing matter and not a mistake at all. police arrested a well-known woman from tennis world, charging her with the murder of her 80-year-old husband. right before the u.s. open. when they arrested her, she was wearing all tennis gear. now experts say the husband may not have been murdered at all. now experts say the husband may not have been murdered at all. >> i'm just thrilled and so thankful for the das office for dropping the charges
. a few minutes afterwards, he turned the gun on himself just outside the chiefs practice facility right in front of coaches and the gm. they leave behind a 3-month-old daughter. so -- >> president obama kicks off december with a busy schedule today he hosts the prime minister of bulgaria in the oval office. he then heads to national defense university to deliver remarks and tomorrow the president will meet the governors at the white house to talk about that impending so-called fiscal cliff. >> cory booker is taking the food stamp challenge this week. the newark, new jersey mayor, will only be eating what he can afford to buy with just over $333. that's the average weekly food stamp benefit in his state. booker tweeting that he will be giving up coffee because he will not be able to afford it. >> i really like that he's doing that. >> we should see how that turns out. >> drawing a red line, secretary of state hillary clinton talks tough to syria about using chemical weapons. we will have a live report next. make you feel alive. l meet the five-passenger ford c-max hybrid. c-max says h
's no official meetings right now between the white house and congressional leaders. of course, there are meetings going on behind the scenes and contacts between the white house and congressional republicans but nothing official. president obama is taking this sort of outside strategy where as we saw him last week he goes outside of washington. he'll be giving remarks to the business roundtable this week, meeting with business leaders tomorrow. other stakeholders this week and he's trying to kind of put some pressure on congress and learn from a mistake that he made you might say during say the debt ceiling negotiations where you saw these meetings with congressional leaders but there really wasn't a whole lot of payoff and didn't make the president look particularly effective. an issue to be resolved is to tackle entitlement reform. you have the white house and republicans saying you need to put meat on the bones and going back and forth. listen to what republican senator bob corker said. >> i think the really discussions around the fiscal cliff haven't even begun to be serio
't it true president obama is trying to do just that by taking his plans directly to the american people? >> reporter: yeah. that's right. he did that last week. he's meeting with business leaders this week. he'll be addressing the business roundtable and i think a lesson learned, carol. you saw the debt ceiling debate that went on last year and there were all these meetings between the white house and congressional leaders and didn't seem like they were working and doesn't work to president obama's advantage and the strategy is to go outside, get some pressure going. and they don't really want to have a meeting or else they lose the mojo and interesting what anna says and i think people are concerned because two weeks ago you have a kumbaya feeling and you're not feeling that now. but it's december 3rd. in the way these things work and we saw this in the payroll tax cut last year, the debt ceiling, the near-government shutdown last year f. you blink you kind of wait until the last minute to do it. >> when no one notices. >> reporter: yeah. i think in a couple of weeks that's when you ma
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